Australian balance of trade remains in red
Australian balance of trade
Sydney - XINHUA
Australia's trade balance remains in the negative, with a deficit of 2.75 billion Australian dollars (2. 1 billion U.S. dollars) in May.
Economists had predicted a shortfall of 2.25 billion Australian dollars (1.72 billion U.S. dollars).
Exports rose 1 percent, while imports were down 4 percent, the Australian Bureau of Statistics said on Thursday.
May's trade deficit follows a deficit in April of 4.14 billion Australian dollars (3.14 billion U.S. dollars).
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